Sibanye Gold Limited (NYSE:SBSW) Given Average Rating of “Hold” by Brokerages

Shares of Sibanye Gold Limited (NYSE:SBSW) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.9333.

Several equities analysts recently commented on the company. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Wall Street Zen downgraded Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Finally, BMO Capital Markets lowered their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th.

Insiders Place Their Bets

In other Sibanye Gold news, Director Richard Peter Menell bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. AQR Capital Management LLC raised its holdings in Sibanye Gold by 113.9% during the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after purchasing an additional 21,248 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sibanye Gold in the 1st quarter valued at $55,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Sibanye Gold in the 2nd quarter valued at $186,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of SBSW opened at $10.70 on Tuesday. The firm’s fifty day simple moving average is $9.22 and its 200-day simple moving average is $12.40. Sibanye Gold has a twelve month low of $7.09 and a twelve month high of $21.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.